Techboard Startup Ranking #4
For the period ending 21 October 2015
Pin Payments is Techboard’s trending startup this fortnight, having just completed a successful $3.1m capital raise. The investment round was led by Melbourne-based Vix Investments, a global provider of smart access, ticketing and payment systems, and as such Pin fits nicely into their payments-focussed portfolio. In fact, this fortnight Pin Payments is the only company of our 500+ Techboard listed companies which scored points in every category of metrics we measure. This explains why it ranks above other larger companies which may have raised more significant amounts in the same period. The Techboard ranking is designed to raise the profile of startups as much as that of listed tech companies. MORE COMMENTARY BELOW.
Here is a taster of the top 100 in Techboard’s latest startup ranking for the fortnight ending 21 October 2015
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Employee engagement startup 6Q is ranked second this fortnight, picking up two panel of expert nominations and a lot of press coverage as a result of creative agency BAM picking up seven awards at the WA Australian Web Awards – of which two were for 6Q related work. Miles Burke is behind both BAM and 6Q:
“We’re pleased to appear in the Techboard ranking, proud of what we’re accomplishing here in Perth, and excited that the startup scene here is growing quickly at present. This recognition reaffirms our belief that 6Q is a valuable tool for companies to learn more about their teams, and create happier workplaces, both here and abroad. It’s always a long hard walk to create a successful SaaS product, and this honour helps get our message out.”
Regenerative medicine company Avita Medical rounds out the top three, having popped up on the radar twice, first as a result of announcing a $24m contract with US government agency BARDA to fund a trial of its ReCell device, and again the following week when it successfully closed a $10m common stock placement. No doubt investor confidence in the equity raised was boosted by the BARDA contract. Extensive press coverage of the deal and investment ensured Avita scored highly on our ranking, and is the only listed company in our top three.
Spookfish is a listed geospatial imagery company and came fourth, having just announced a $6m capital raise. Spookfish provides high resolution 3D imagery of the ground at a fraction of the cost of contemporary systems.
3D software development startup Sentient Computing climbed one position to fifth, still riding the wave of its first prize at KPMG’s Energise accelerator program last fortnight, resulting in on-going press coverage, social media traction and nominations from our panel of experts.
WA Industry and Export Awards finalists SEQTA and Proteomics also featured in our top ten. Video e-learning startup Velpic remains in our top 20, with Velpic CEO Russell Francis responding to having topped last fortnight’s ranking:
“It was certainly a pleasant surprise to see Velpic at the top of the recent Techboard rankings. The ranking further underlines Velpic’s amazing potential and is testament to all the effort of the Velpic team in building a world class, industry-disrupting platform. To date we have been quiet achievers building up a loyal client base of ASX 200 companies but with our own recent listing on the ASX our profile has dramatically increased and recognition for what we have achieved has followed. It is our intention to expand Velpic nationally and then globally and we are very proud of our humble beginnings as a WA tech start-up.”
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